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Sep 25, 2012
09/12
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hopefully we have some clarity with the election. they're all willing to say, look, it doesn't almost matter what the playing field looks like, but we have no sense of it. they're willing to suit up under any circumstances. when they don't understand the competition, don't have the rules of the game, they're not going to suit up. >> exactly. we need more clarity. all right. thanks, everybody. we appreciate it. see you soon. we'll keep watching this market in the extended hours on the heels of this selloff happening at the end of the day. i want to stick with with the markets and welcome terry duffy to the program. trying something different today. terry is going to be my co-host for the hour of the "closing bell." very excited about that. good to see you. >> thank you. thank you for having me. >> thanks so much for joining us. you're no stranger to the issues driving this market. i want to begin here in terms of the action we saw today. apparently we're getting this new debate in terms of is the fed stimulus actually going to boost g
hopefully we have some clarity with the election. they're all willing to say, look, it doesn't almost matter what the playing field looks like, but we have no sense of it. they're willing to suit up under any circumstances. when they don't understand the competition, don't have the rules of the game, they're not going to suit up. >> exactly. we need more clarity. all right. thanks, everybody. we appreciate it. see you soon. we'll keep watching this market in the extended hours on the...
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Sep 26, 2012
09/12
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some uncertainty about the election. the composition of government, how much participation and collaboration there will be. so we have plenty of issues to worry about. corporate earnings, macro slow down. china hard landing, soft landing, still with property bubbles in spain, china, et cetera. there are plenty of things to go around. we have made a very strong run from the june lows. the magnitude of the decreased potential. and i want to say that potentially it all depends on support levels. it is not shocking if you go back to, say, may of 2010 to when we had the flash crash of the june lows. we got a good sell-off. >> to be fair, two things. how low is it going to go? answer that. and secondly, the reason i pushed back is we had macro issues and the dow has rallied strongly. >> precisely. the sentiment was built on hope and built on the central banks coming into the fore. if you think about it, if we topped on the 14th that friday morning at around whatever it was -- 10:30, 10:45 on the s&p intraday the fed e effect l
some uncertainty about the election. the composition of government, how much participation and collaboration there will be. so we have plenty of issues to worry about. corporate earnings, macro slow down. china hard landing, soft landing, still with property bubbles in spain, china, et cetera. there are plenty of things to go around. we have made a very strong run from the june lows. the magnitude of the decreased potential. and i want to say that potentially it all depends on support levels....
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Sep 25, 2012
09/12
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i think if the election were here today obama would win. but, so that basically if romney starts to do better i think that is good news for the stock market. by hook or by crook do you think the hook will be solved? even congress doesn't want a recession. i don't care about the composition of congress. they know that a $450 billion tax hike will doom us. do you assume that they are going to get through the fiscal cliff without falling off it? >> i would say this though, i think there is enough strength from the home building and the rising house price impact on the economy, that if we do go over, that i think we will avoid a negative consequence and bear in mind that the open-ended decision by the fed to go to qe 3. i think he will be there with a lot of stimulus if we do go over it. i suspect that we will make a deal. the noise level is high that the intensions to come to people they don't want to admit it. they want to fight with the other side. >> thank you so much for your out look. business economists and a new survey say that governme
i think if the election were here today obama would win. but, so that basically if romney starts to do better i think that is good news for the stock market. by hook or by crook do you think the hook will be solved? even congress doesn't want a recession. i don't care about the composition of congress. they know that a $450 billion tax hike will doom us. do you assume that they are going to get through the fiscal cliff without falling off it? >> i would say this though, i think there is...
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Sep 25, 2012
09/12
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it remind me of 1936 when fdr ran for re-election. unfortunately, they were wrong and we went into a terrible decline after that. you know, americans are naturally optimistic. they see that kay shiler is up the past three months. they figure housing is getting better. i can tell you from our perspective at tangent where we spend our time raising money for funds and private companies, that's not the case. >> peter, what about in the meantime we have the fiscal cliff issues. is that keeping the markets in check right now? what do you think investors are waiting for or hoping for come december 31? >> well, the s&p 500 is near a multiyear high. i think the fiscal cliff is not what they're thinking about right now. i think right now, and i specify that the market's time has shrunk dramatically, the focus on this tug of war between the central banks and the reality that on the other hand the economy is slowing down. i think the markets will focus on the fiscal issues on the first tuesday in november. >> peter, what do you think is going on
it remind me of 1936 when fdr ran for re-election. unfortunately, they were wrong and we went into a terrible decline after that. you know, americans are naturally optimistic. they see that kay shiler is up the past three months. they figure housing is getting better. i can tell you from our perspective at tangent where we spend our time raising money for funds and private companies, that's not the case. >> peter, what about in the meantime we have the fiscal cliff issues. is that keeping...
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Oct 2, 2012
10/12
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all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have a problem with the eidea of deductions. here you are. you guys are talking about the private sector all the time. so, i've been convinced because of the high rate of canadian home ownership, i'm not convinced of doing away with charitable deductions. $17,000 ceiling for all tax deductions across the board. sure, steve. the upper end people would have a problem across the board. >> i like this idea a lot. i just heard abo
all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap...
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Sep 27, 2012
09/12
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but i think if we get through -- businesses are looking at the problems coming forward, the election and the fiscal cliff and thinking that they want to put off those decisions, i think as we get through that, that the dollar becomes the better lay. >> the data today i would assume so plays into your idea that mocht commodities are going lower from here. so with a suggestion of lack of fundamental. >> the arguing sector has seen something, but even that is slowing as people make substitutions away from higher price commodities. >> you're not afraid of bernanke and draghi making you long? >> at the end of the day, we think it's demand that's going to make the difference. >> that's a big stake in the ground right now and it's been pretty contrarian. wouldn't you say? >> i think so. people are definitely increasing their betts on commodities. we started getting into short commodity positions this month and they haven't behaved the way you think they would given this open ended liquidity. >> and couldn't you say that the reason -- and i agree with you, i think that the economic realities
but i think if we get through -- businesses are looking at the problems coming forward, the election and the fiscal cliff and thinking that they want to put off those decisions, i think as we get through that, that the dollar becomes the better lay. >> the data today i would assume so plays into your idea that mocht commodities are going lower from here. so with a suggestion of lack of fundamental. >> the arguing sector has seen something, but even that is slowing as people make...
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Sep 27, 2012
09/12
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this could be benghazi gate on the eve of the election. also this evening, mitt romney should draw a red line for middle income taxpayers and say you will not lose your deductions and you will get yours lower tax rates. he has to have a chris cal clear growth message in next week's debate. it could be his last chance. plus the nfl made a deal overnight and the real refs will be on the field this evening. this is a huge story where there were billions of dollars at stake. we have an exclusive new england patriots owner robert kraft joins me this evening. he is the first owner to speak out. all right. following monday's outburst by mahmoud ahmadinejad, it was israeli benjamin netanyahu's turn today. danielle lee joins us with the details. >> good evening. today prime minister netanyahu used a cartoon-like graphic to drive home his fear that iran could have a nuclear bomb completed by this coming summer. he said the time for peaceful negotiations is running out. from a fight over the west bank to fears about iran's nuclear program, netanyahu
this could be benghazi gate on the eve of the election. also this evening, mitt romney should draw a red line for middle income taxpayers and say you will not lose your deductions and you will get yours lower tax rates. he has to have a chris cal clear growth message in next week's debate. it could be his last chance. plus the nfl made a deal overnight and the real refs will be on the field this evening. this is a huge story where there were billions of dollars at stake. we have an exclusive...
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Oct 1, 2012
10/12
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very worried about this audit. >> is this part of the obama re-election campaign? i know it's an answer nobody wants to hear, but answer it. all the governors of the federal reserve board. this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama and the a republicans should be embracing this. >> romney has said that he opposes this -- romney has also said that he will not reappoint ben bernanke. there's not a lot of sympathy for bernanke inside that campaign or the gop, that interests me a lot. i'm asking a difficult question, i don't think there's a direct -- i'm not saying that bernanke is deliberately doing qe-3, because probably it won't work in t
very worried about this audit. >> is this part of the obama re-election campaign? i know it's an answer nobody wants to hear, but answer it. all the governors of the federal reserve board. this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what...
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Sep 28, 2012
09/12
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we joked around the french elections who would want this job. and if you increasingly look around at the kind of leaders that you want and the kind that are likely to sort of go after the position at this point, it certainly won't encourage people to step forward. >> who would want to be u.s. president? >> there's no short of people. and the 2016 campaign has already begun. >> 2016 is probably a better one to win. >> well, you never know. >> good to have you on. you're sticking around. steve, thank you. you haven't got a light, have you, steve? >> no, do you want me to go get you a pack of panama? what was those cigarettes you used to smoke? >> i think this is -- i don't think i can say what this is. >> he already has a cigar over here. >> steve doesn't have a return feed. >> last time i had one of those with was our dear friend guy johnson and it didn't end prettily. >> rarely does. steve, thanks very much indeed for that. i'm now not going to get reelected holding one of those up. i'm not running so it doesn't really matter. talking about our
we joked around the french elections who would want this job. and if you increasingly look around at the kind of leaders that you want and the kind that are likely to sort of go after the position at this point, it certainly won't encourage people to step forward. >> who would want to be u.s. president? >> there's no short of people. and the 2016 campaign has already begun. >> 2016 is probably a better one to win. >> well, you never know. >> good to have you on....
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Sep 28, 2012
09/12
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it's also an election number. i think that if romney were able to capitalize off something he could capitalize what is obviously a deceleration in the economy and in the election. >> when we come back we're just minutes away from another data point. this is going to be breaking news on consumer sentiment followed by something we've all been waiting for. >>> coming up how many stocks can you talk about and how fast can you do it? see if you can do it better than cramer. six stocks in 60 seconds. when "squawk on the street" returns. ♪ [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more in
it's also an election number. i think that if romney were able to capitalize off something he could capitalize what is obviously a deceleration in the economy and in the election. >> when we come back we're just minutes away from another data point. this is going to be breaking news on consumer sentiment followed by something we've all been waiting for. >>> coming up how many stocks can you talk about and how fast can you do it? see if you can do it better than cramer. six stocks...
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Sep 26, 2012
09/12
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even before the american election. now we have this most regrettable tragic, the deaths in benghazi and our consulate in libya and the extremists are at it again. blowing up in the middle east. is this the kind of thing that would put business on hold? that where business would pull on its horn and put a freeze on because they just can't see the future, call it the fog of war, call it whatever. >> yeah, i think so, larry. i think the fog of war is a good term. geopolitical tension of this type is acute and therefore it would cause a retrenchment because it amplifies uncertainty. of course, we have inflicted political uncertainty that is the other uncertainty. so the two together would cause a very, very bad economic reaction. i have no doubt. >> all right. let's go back to the domestic stuff. the survey was as pessimistic as it's been since the middle of 2009. it talks a lot about washington. are you critical of obama's leadership? has he basically failed? and should he be replaced now? >> look, let me speak about bein
even before the american election. now we have this most regrettable tragic, the deaths in benghazi and our consulate in libya and the extremists are at it again. blowing up in the middle east. is this the kind of thing that would put business on hold? that where business would pull on its horn and put a freeze on because they just can't see the future, call it the fog of war, call it whatever. >> yeah, i think so, larry. i think the fog of war is a good term. geopolitical tension of this...
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Sep 30, 2012
09/12
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>> i weish we had better elections in this country. the reason we have bad government in this country is because we have bad elections. we don't talk about the important issue. one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election will push both sides to a compromise. i do think we'll see a compromise. you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington policy will be reduced over the next six months and be a positive for the u.s. economy. >> it's true, because companies have been in lockdown mode. they don't want to make decision with this uncertainty out there. >> it's so infuriating watching -- >> it is. >> -- washington not understand the incredible drag they put on the u.s. economy by simply not making a decision on
>> i weish we had better elections in this country. the reason we have bad government in this country is because we have bad elections. we don't talk about the important issue. one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election...
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Oct 2, 2012
10/12
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i think people are looking towards the election. if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad money. a pop for fly boarding. latest craze in australia. a jet ski hybrid. flyers are connected to a hose which uses water pressure. make sure you bring your wallet. they cost around $12,000 a piece. >> i love it. >> it look as lot smaller when he is on that. >> they take five inches off. drop for starbucks down 1%. >> this is another one not a cheap stock. a lot of future growth expected to come overseas in europe and asia. this is one that under performs the broad markets. i think a lot of people want to see after nike's
i think people are looking towards the election. if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of...
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Sep 26, 2012
09/12
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do you think he has a shot to win the election? >> oh, i think he will win the election. i think he has energy as a big component. there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the industry really transform to natural gas powered vehicles? >> well, there's no question the technology is well known. there are 13 million vehicles in the world today on natural gas. only 130,000 of them in the united states. we have more natural gas than any other country in the world. how could that be? it's because the leadership in washington has not, one, understood the resources available to us in america, but, two, they've shown no leadership to get on our own
do you think he has a shot to win the election? >> oh, i think he will win the election. i think he has energy as a big component. there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing...
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Sep 28, 2012
09/12
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it is one of the most crucial jobs reports of the year with the election weeks away will the numbers deliver? live from the nasdaq market site this is
it is one of the most crucial jobs reports of the year with the election weeks away will the numbers deliver? live from the nasdaq market site this is
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Sep 25, 2012
09/12
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we feel pretty good that after the election. maybe we will pick up real speed. >> if you come in, let's say, let's say six weeks ago versus today, what did you see in your run that is better now versus what it was? >> one would be the checks per client. so again, we thought that would moderate. we thought that would start to come down. this is the longest dprad gradual increase. this is a slow continual improvement. second the retention is still better. improving client retention, less jumping and not leaving us. third i would say the client base saw improvement as well. the net gain is improving and we are seeing clients continue to grow and take 401 k. we have the largest insurance agency. thank you marty mussi. >> thank you for having me. >> you pu the dividend together with the price performance and you get the stock that is doing quite well. that is what he is giving you. after the break i'll try to make more. >> coming up, rotten apple? >> the technothat has been the driving force behind the market's move higher. tonight k
we feel pretty good that after the election. maybe we will pick up real speed. >> if you come in, let's say, let's say six weeks ago versus today, what did you see in your run that is better now versus what it was? >> one would be the checks per client. so again, we thought that would moderate. we thought that would start to come down. this is the longest dprad gradual increase. this is a slow continual improvement. second the retention is still better. improving client retention,...
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Sep 26, 2012
09/12
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they'll talk $90 oil, the fiscal cliff, and election. do not miss that coming up. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd
they'll talk $90 oil, the fiscal cliff, and election. do not miss that coming up. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because...
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51
Oct 3, 2012
10/12
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will be determined by who wins the election. but at least right now while we assume that the markets priced in an obama victory i honestly think the market right now has its eyes on earnings over the next four weeks and when the election comes, they're going to deal with that election. we've all talked so much about these fiscal issues but either way, whether for good or bad, they're going to get resolved the first tuesday in november. regardless of who wins. so i think earnings right now are driving things but, yes, i agree with art that at least for the last two months of the year a romney win will lead to a rally in the market. i think an obama win will just continue to focus on what's going to be very difficult third and fourth quarter earnings which could lead us lower. >> it is nice to hear that actually earnings may matter for stock prices. that is a shock of shocks, peter. >> thank you. >>> be sure to catch tonight's first presidential debate right here on cnbc. the pre-game show, if you will. starting at 8:00 p.m. easte
will be determined by who wins the election. but at least right now while we assume that the markets priced in an obama victory i honestly think the market right now has its eyes on earnings over the next four weeks and when the election comes, they're going to deal with that election. we've all talked so much about these fiscal issues but either way, whether for good or bad, they're going to get resolved the first tuesday in november. regardless of who wins. so i think earnings right now are...
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Sep 28, 2012
09/12
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they're on a recess all the way through the elections. actually, the government employee union has a 90-day notice policy, which would actually go out at the beginning of october. so the dates are kind of insignificant at this point. we're looking more at the nominal dollar effect, the total addressable market shrink for the defense market. it's going to be quite significant. >> i look at it the other way, actually. initially, i thought they had to tell employees by october 1st. so if it was october 1st, by the time the election came around, it would be out there. you can hide it if you go -- by november 2nd, you might get away with it without having voters notice new layoffs because the election's only a few days away. i look at differently. >> if they're going to lay off 2 million people, that's a lot of votes, don't you think, jeremy? >> that is a lot of votes. we try to abstain from political opinion here. we're financial analysts. we'll try to avoid making a political statement. >> well, we're not trying to get you to pick a party, b
they're on a recess all the way through the elections. actually, the government employee union has a 90-day notice policy, which would actually go out at the beginning of october. so the dates are kind of insignificant at this point. we're looking more at the nominal dollar effect, the total addressable market shrink for the defense market. it's going to be quite significant. >> i look at it the other way, actually. initially, i thought they had to tell employees by october 1st. so if it...
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102
Sep 26, 2012
09/12
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there was a fear money would take over the election. some say it has had little effect since romney isn't plowing ahead especially in the swing states. others on the republican side and the super pacs say without this money romney might be doing even worse. it's hard to tell. >> okay. thank you very much for that. we'll look forward to that later. still ahead, is twitter ready to go public? could you get your hands on twitter? a big interview ahead with the twitter ceo. find out what he said about a flirtation and the way twitter is hoeing to make moneys. >>> plus, would you go hungry to have a smart phone. a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> time for the results of the yahoo! finance poll. in answer to our question 9% of you say the crisis in europe is improving despite the protest, 57% say the situation is about to get
there was a fear money would take over the election. some say it has had little effect since romney isn't plowing ahead especially in the swing states. others on the republican side and the super pacs say without this money romney might be doing even worse. it's hard to tell. >> okay. thank you very much for that. we'll look forward to that later. still ahead, is twitter ready to go public? could you get your hands on twitter? a big interview ahead with the twitter ceo. find out what he...
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Sep 27, 2012
09/12
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i believe that after the election, if he wins, he will make a major effort to address this because the economic consequences are substantial and going off the fiscal cliff would deal a huge blow to our national security and our foreign policy stature in the world as well. we all have an interest in working this out in a constructive way and not waiting until a crisis occurs in order to do that. >> one day you said to me, look, you know, the u.s.'s model was the model for the world. the chinese have left the class after the 2008 financial crisis, which was very aptly put. let me ask you about the tensions in the middle east. if we see a war break out, iran, israel, what does that mean for this economy and for the markets? >> well, i don't want to speculate. i think there are certainly a lot of tense issues. >> some of this is not speculation. you have u.s. embassies burning now. >> let me say something about that. that is an important point. one of the things i've been doing over the last few days here is meeting with the egyptians w the jordanians and others. the united states with the
i believe that after the election, if he wins, he will make a major effort to address this because the economic consequences are substantial and going off the fiscal cliff would deal a huge blow to our national security and our foreign policy stature in the world as well. we all have an interest in working this out in a constructive way and not waiting until a crisis occurs in order to do that. >> one day you said to me, look, you know, the u.s.'s model was the model for the world. the...
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Sep 28, 2012
09/12
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they have to win a choice election. that is clear. if that is the case -- >> tloing the middle class. they have to link. >> they have to link the case. >> four years. >> you have to link the tax cuts to the middle class and get them out of this mess. >> larry you get disappointed when doesn't mention supply side. >> only supply ciders win. all the other guys, john mccain, bob dole and pa a pa bush, they are not supply cider and they lose. >> he comes from the business world. he comes from the business world. >> roger stone, i think mitt needs better humor. i was watching a video with mitt and anne. i think they are great people. they said what is your biggest treat and anne said having a jelly doughnut that's your biggest treat. that's a little weak. and the interviewer asking mitt, and he says peanut butter sandwich and chocolate milk. nobody drinks chocolate milk anymore. mitt should have said i really love sitting in the back of my bentley convertible and having my driver take me out to the country. that would have been totally coo
they have to win a choice election. that is clear. if that is the case -- >> tloing the middle class. they have to link. >> they have to link the case. >> four years. >> you have to link the tax cuts to the middle class and get them out of this mess. >> larry you get disappointed when doesn't mention supply side. >> only supply ciders win. all the other guys, john mccain, bob dole and pa a pa bush, they are not supply cider and they lose. >> he comes...
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Oct 2, 2012
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and if you get up to 1500 before the election, you can lean on the volatility of the election and also the resolution of the fiscal cliff. and the much bigger question is where is the market after the dust settles post election. so that's something later in the year we'll see how it plays out, but that will set the tone really for i think the next 12 to 18 months. >> so the dow, not far away from it all-time closing high. does that make you a little nervous? >> well, look. like i said, you you see some of the major indices close to important highs. that's why i think you get the s&p up to 1500, and the dow up more, it will make sense to take a little money off the table. but i think the much bigger question is once we see the r s results of the election, once the fiscal cliff is dealt with, where are we in the bigger scheme of things. if the s&p is trading around current levels, i think we're this great shape going into 2013 and maybe 2014. so again short term we'll just play it as a range. 1400 to 1500 in the s&p. bigger picture, i really want to see how things settle down once we get
and if you get up to 1500 before the election, you can lean on the volatility of the election and also the resolution of the fiscal cliff. and the much bigger question is where is the market after the dust settles post election. so that's something later in the year we'll see how it plays out, but that will set the tone really for i think the next 12 to 18 months. >> so the dow, not far away from it all-time closing high. does that make you a little nervous? >> well, look. like i...
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Sep 25, 2012
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and we will hope the forecast on election day. new poll by the weather channel shows the weather could play a huge role in november. among those that vote, 35% of undecided voters say the bad weather conditions would have a "moderate to significant impact on whether or not they make to the polls." bad weather conditions would affect their decision versus 20% of republicans. >> coin star close to trading below its 200-day moving average. >> thank you very much. >>> on deck, should we be fearing the great china slow down? why we might not need them as much as you think. >>> later on, debt-free college. with student debt now topping $1 trillion, we found one school that is refusing to add to that number. stick around. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you
and we will hope the forecast on election day. new poll by the weather channel shows the weather could play a huge role in november. among those that vote, 35% of undecided voters say the bad weather conditions would have a "moderate to significant impact on whether or not they make to the polls." bad weather conditions would affect their decision versus 20% of republicans. >> coin star close to trading below its 200-day moving average. >> thank you very much. >>>...
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Oct 3, 2012
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if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that the upside was very, very limited. good numbers. i should have done it. i really did kick myself at this one. i thought if i recommended it, the stock would go up too much. ron in louisiana. ron? >> caller: jim. i've got to thank you. you're the best. i've been investing for 55 years and didn't make money until the last five. guess why? jim cramer. >> thank you. thank you. >> caller: thank you. jim, my question to
if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long...
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Oct 1, 2012
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day and only a few days in november before election day, tom. you better hope this is a good month. >> three days in november or the month of october. i think it should be october. generally when you have a weak second half of september, october is generally pretty strong. >> last october was one of the best octobers we have had on record. i guess you're looking for a repeat of that but here is my question. if you are concerned about the earnings season and you think the earnings cycle will continue through 2017, i believe you said, then it seems to me that you shouldn't have any concerns about the earnings season because you have to have a major bound and back in earnings without the support from europe and china, you see major recovery there. >> i think that's exactly what's happening, steve. in some ways the manufacturing story is flattening and we're seeing that in a lot of evidence and you have to look at the u.s. construction market as really improving. remember, companies are generating nearly peak earnings today but how if they go 50% be
day and only a few days in november before election day, tom. you better hope this is a good month. >> three days in november or the month of october. i think it should be october. generally when you have a weak second half of september, october is generally pretty strong. >> last october was one of the best octobers we have had on record. i guess you're looking for a repeat of that but here is my question. if you are concerned about the earnings season and you think the earnings...
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Oct 1, 2012
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the first major display of backlash since hollande was elected in may. plenty of other things still to come on today's show. the latest survey out of japan shows sentiment weakening. we'll be in tokyo next to find out why one investor is focusing on a bright spot. former unicredit boss set to expand at his trial. we'll be outside the courthouse for the latest. and why cruises are betting on china and brazil. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. save 50% on banners. >>> incredible sporting comeback. europe has won golf's ryder cup at medinah. holding out the precious 6-foot cup to retain the trophy. tra
the first major display of backlash since hollande was elected in may. plenty of other things still to come on today's show. the latest survey out of japan shows sentiment weakening. we'll be in tokyo next to find out why one investor is focusing on a bright spot. former unicredit boss set to expand at his trial. we'll be outside the courthouse for the latest. and why cruises are betting on china and brazil. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance...
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Sep 25, 2012
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then, you know, the presidential election next week, certainly got the u.n. this week. the common side of placer, bernanke saying rates throw 2015. placer saying not sure. half the fed came out said they were against qe 3. why can't people say hang on a minute, particularly that, let's book profits, sell now and the market goes low? why do you insist the market goes higher? >> i just think it is building a base here at 11415 and move higher. i don't think we are going to 1550 by any stretch but i think from here, we are going to have this 25-point move in the s & p to 4 1 475ish and the mark let back off again p >> i have got t thank you very much. sue? >> all right, kenny. note, i'm going to be back down there with you on thursday. work up something good for different. >> try the pasta fajgoli. >> see you thursday. >>> american voters don't seem to be buy nothing romney no, ma'amics why? we will have answers for you when power lunch returns in two. . great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize
then, you know, the presidential election next week, certainly got the u.n. this week. the common side of placer, bernanke saying rates throw 2015. placer saying not sure. half the fed came out said they were against qe 3. why can't people say hang on a minute, particularly that, let's book profits, sell now and the market goes low? why do you insist the market goes higher? >> i just think it is building a base here at 11415 and move higher. i don't think we are going to 1550 by any...
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Oct 3, 2012
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after the election the airline will select 1,000 losers and give them free round trip tickets out of the country. >> i would have picked ron paul. >> put your money where your mouth is. >>> coming up could the ipad mini end up being a big headache for apple. we'll tell you what some warning signs some are seeing. our guests think mitt romney is the right man for the market and the economy. stanford university professor will tell you why right after this. ♪ [ piano ] you. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for you to escape. almost. introducing a car made better for you in every way. the luxurious, all-new honda accord. it starts with you. >>> welcome back. we are live at the nasdaq market site in new york city. "wall street journal" reporting the apple makers are making components for a small ipad. some are worried that it could be a mistake for some saying it could squeeze margins. should we be concerned? >> no. should not be. i respect
after the election the airline will select 1,000 losers and give them free round trip tickets out of the country. >> i would have picked ron paul. >> put your money where your mouth is. >>> coming up could the ipad mini end up being a big headache for apple. we'll tell you what some warning signs some are seeing. our guests think mitt romney is the right man for the market and the economy. stanford university professor will tell you why right after this. ♪ [ piano ] you....
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Sep 26, 2012
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meanwhile, the head of catalonia has called an early election for november. they are pressing for independence saying it's had enough of propping up the region's poorer regions. >>> the bank of spain has shrunk at a significant rate. this as confidence continues to deteriorate. the financial markets are putting pressure on spain's finances. >> there's a tone in there that suggests the contraction is getting worse when the market sort of has perhaps been thinking the contraction would get better. >> right. it was maybe turning a corner, at least. the rate of decline slowing. certainly some of the latest readings we've seen are consistent with the economy still being quite weak. this is the heart of the problem. if the economy itself is suffering and these austerity measures clearly aren't going to help, it's only going to make it more difficult to meet deficit targets. it's only going to make it more difficult to work down that debt to gdp ratio when the denominator is also shrinking. >>> while we focus on spain and yields rising, we do have the result of this
meanwhile, the head of catalonia has called an early election for november. they are pressing for independence saying it's had enough of propping up the region's poorer regions. >>> the bank of spain has shrunk at a significant rate. this as confidence continues to deteriorate. the financial markets are putting pressure on spain's finances. >> there's a tone in there that suggests the contraction is getting worse when the market sort of has perhaps been thinking the contraction...
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Sep 27, 2012
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but the elections on october 21st, that's rajoy's own province. and then you have the cat lo loaniloa loanian region think they're the richest region giving too much to the others. the rest of the region has seen a dramatic change. during the good times, they had revenue. from the developers, people buying properties, now that's all going and they're left from the legacy. from cat loan i can't to the canaries, you name it, all of these places, they're all struggling.alonia to the canari you name it, all of these places, they're all struggling. so a multitude of problems for rajoy. but this is a man who has a mandate from the people as of december last year for four years. he's only in the first year. he should perhaps have the courage of conviction that if you can do shock and awe in the early stages, perhaps it might be easier at a later stage. >> a mandate from catalonia in two months time which is a deeper question. we'll be back out to you of course for plenty more during the show. meanwhile the greek prime minister is meeting with his coaliti
but the elections on october 21st, that's rajoy's own province. and then you have the cat lo loaniloa loanian region think they're the richest region giving too much to the others. the rest of the region has seen a dramatic change. during the good times, they had revenue. from the developers, people buying properties, now that's all going and they're left from the legacy. from cat loan i can't to the canaries, you name it, all of these places, they're all struggling.alonia to the canari you...
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Oct 3, 2012
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it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama
it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of...
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Oct 3, 2012
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and i think what stands to be determined now is which way does the presidential election go. so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation, that's important new medicines for grieve vus illnesses. and another theme that will be with us regardless of who the president is and who controls the senate and house is cost of health care. yes, i would submit to you that if romney wins, it's going to have a knee jerk response to a few of those sectors, but what i'm really talking about and what we're focused on is things we think will unfold over the next many years. >> among your top five holdingses you have gilead in there, so that goes toward the techn
and i think what stands to be determined now is which way does the presidential election go. so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently...
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hasn't said a word about that in the election campaign so far. you can expect the two to clash on that issue, as well. >> john, i know you've looked at some poll numbers from the journal and nbc news. maybe a slight tightening on a national level. but certainly in some important states like ohio, the president continues to lead. i know you've said the romney strategists believe they need ohio. if it's mathematically possible to win without it, why do they still believe they need it? >> well, because if you don't win ohio, you're probably not going to win, say, wisconsin, which is another mid western state, paul ryan's on the ticket, that moves in similar ways to the state of ohio. it's hard to piece together especially given the overwhelming dominance by the president of the hispanic vote, states like colorado where we are right now, or nevada. so ohio may be a better shot for mitt romney. as i mentioned, i was talking to a romney strategist the other day and said, well, you're getting closer in florida, but you're still far behind in ohio. and h
hasn't said a word about that in the election campaign so far. you can expect the two to clash on that issue, as well. >> john, i know you've looked at some poll numbers from the journal and nbc news. maybe a slight tightening on a national level. but certainly in some important states like ohio, the president continues to lead. i know you've said the romney strategists believe they need ohio. if it's mathematically possible to win without it, why do they still believe they need it?...
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Oct 1, 2012
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elections, the fiscal cliff. you've got some back tracking in europe. and then you've got the leadership transition in china. so i think you're going to have that positive influence, maybe met with a little bit of resistance around some of the unserpt you'll see because of these i vents. we think the markets are higher 15 months from now. >> okay, so even if we do see this volatility you think 15 months from now, are you going to be in a better position? what about that, peter, we've been talking today that the expectations call for a contraction in third quarter earnings. going to see a negative performance from the third quarter, these are the expectations, anyway, to bounce back in the fourth quarter. the market -- really haven't changed very much. >> yes, maria. i think the market is ahead of itself. as the prior speaker said, there's a lot of uncertainty out there. markets have been very strong this year. so some giveback in the fourth quarter is not unexpected by me. i kind of welcome it, because we're stock pickers and that will give us a chance
elections, the fiscal cliff. you've got some back tracking in europe. and then you've got the leadership transition in china. so i think you're going to have that positive influence, maybe met with a little bit of resistance around some of the unserpt you'll see because of these i vents. we think the markets are higher 15 months from now. >> okay, so even if we do see this volatility you think 15 months from now, are you going to be in a better position? what about that, peter, we've been...
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Sep 28, 2012
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that compares to only 40% of women voters who support mitt in the broader election. welly women in fact support romney more than wealthy men. so why do wealthy women like romney? it's not taxes. taxes didn't rank among the top five concerns of women. ron kurts says that affluent women place a higher emphasis on economic and budget issues and they see romney as the better candidate for those issues. that doesn't mean that romney is scoring well with all after fluent women. in fact, 16% of these women remain undecided. he's still got a lot of work to do among the better half of the upper class over the next 39 days. >> when you talk about more work to do, what specifically would you advise him to do? >> this is the age-old question among men. how to woo wealthy women, right? that's what all men want to know. >> the secret elixir. >> so if i own knew. look. >> that's a whole different show, right? >> a whole different show. >> that's tomorrow. >> our documentary special. >> no. i think he needs to connect with them and give specifics on the economic plan. when you look
that compares to only 40% of women voters who support mitt in the broader election. welly women in fact support romney more than wealthy men. so why do wealthy women like romney? it's not taxes. taxes didn't rank among the top five concerns of women. ron kurts says that affluent women place a higher emphasis on economic and budget issues and they see romney as the better candidate for those issues. that doesn't mean that romney is scoring well with all after fluent women. in fact, 16% of these...
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Sep 27, 2012
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finally october 21st is the spanish regional election where rahoy's party is doing poorly. he may not want to ask for a bailout until then. >> i want to button this up with a trade. today you bought half of your position in the dax back. >> that's correct. i said that i had sold taken some profits on the dax position today. today i brought halfback on this news on the idea that the banking system in europe is a bit more strengthend at this point in time considering there is now a de facto bailout. that should help a lot of german companies and banks and the german dax acts as that risk on, risk off. >> thanks for your time and thanks for the trade. brian kelly joining us on the fast line. he's a believer in this rally continuing. josh, you're taking a look at the transports. they stuck out because they didn't do well even in a market that moved higher in general. if you take a look at some of the rales, still not catching a break. >> right. so the dow theory stuff. there are four major dow theories. the only thing we can do is look at a widening cass. . this is now getting
finally october 21st is the spanish regional election where rahoy's party is doing poorly. he may not want to ask for a bailout until then. >> i want to button this up with a trade. today you bought half of your position in the dax back. >> that's correct. i said that i had sold taken some profits on the dax position today. today i brought halfback on this news on the idea that the banking system in europe is a bit more strengthend at this point in time considering there is now a de...
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Sep 27, 2012
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do you think the presidential election this year might affect the movement in the stock market? >> i care far more about who wins congress. if we stay split congress you we quoent do anything. if it's all democrats, have you to trim back dividend stocks i like because you'll have to pay higher taxes on dividends. tom in california. >> caller: boo-yah, jim. thanks for your help. several stocks i have followed have taken a 3% to 8% dive and then i read later that day the company is making a public offering. over the next several weeks the stocks rebounded. my question is, is this a pattern you think we can count on and try to exploit? >> yes. this is a pattern that will happen and i'll tell you why. lots of companies will expand, they have higher credit lines, higher interest and they pay down some of that with equity with the money they raised and they get a better credit line. i think we'll see a lot from the real estate trust industry and master limited partnerships. my favorite mistake, well, nobody likes mistakes. but in the wild world of investing nothing can be more valuabl
do you think the presidential election this year might affect the movement in the stock market? >> i care far more about who wins congress. if we stay split congress you we quoent do anything. if it's all democrats, have you to trim back dividend stocks i like because you'll have to pay higher taxes on dividends. tom in california. >> caller: boo-yah, jim. thanks for your help. several stocks i have followed have taken a 3% to 8% dive and then i read later that day the company is...
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Sep 26, 2012
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. >> caller: hi, jim, you think the presidential election this year might affect the movement in the stock market. >> well, i care far more about who wins congress. it's not going to be able to do anything. but if congress goes all democrat, then you're going to want to be able to -- you're going to trim back the dividend stocks because you will have to pay higher taxes on dividends. tom in california? >> caller: boo-yah, jim. thanks for your help. my issue is several stocks i have followed have suddenly taken a 3% dive and i read later that day that the company is making a public offering. >> right. >> caller: over the next several weeks, the stocks have frequently rebounded. any question is, is this a pattern you think we can count on and try to exploit? >> yes, this is a pattern that is going to happen. and i'll tell you why. there are still a lot of companies that want to expand and they've got a lot of credit, but they have higher credit lines, higher interest. they pay down some of that with equity, with the money they raise and then they get a better credit line. i think you'r
. >> caller: hi, jim, you think the presidential election this year might affect the movement in the stock market. >> well, i care far more about who wins congress. it's not going to be able to do anything. but if congress goes all democrat, then you're going to want to be able to -- you're going to trim back the dividend stocks because you will have to pay higher taxes on dividends. tom in california? >> caller: boo-yah, jim. thanks for your help. my issue is several stocks i...
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Sep 27, 2012
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plus the count town continues to election day. our guest this half hour is former new mexico governor bill richardson. he's walking up to set right now. we have a lot to get to with him. and later this morning, staple's co-founder and romney supporter tom stemberg. no one understands the swing state of ohio better than senator rob portman. he'll be joining us from cincinnati. but before we get to all this, and believe me, this is a lot to get on today, let's get you up to speed on this morning's other top headlines with andrew. welcome back. >> thanks. we haven't even talked about football, but i hope we get a chance to. china central bank reportedly injecting 57.9 billion into money markets. regulators are struggling to maintain liquidity without the injection. speaking of china, the country's largest listed steel maker has suspended output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than exp
plus the count town continues to election day. our guest this half hour is former new mexico governor bill richardson. he's walking up to set right now. we have a lot to get to with him. and later this morning, staple's co-founder and romney supporter tom stemberg. no one understands the swing state of ohio better than senator rob portman. he'll be joining us from cincinnati. but before we get to all this, and believe me, this is a lot to get on today, let's get you up to speed on this...
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Oct 2, 2012
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>> look, i hope that after this election, that the two parties will pull together and do what's right for this country. though having said that, despite all the infighting and bickering, i think it does look like america is back on the right track. i think america is through the worst now. hopefully the next four years will be a lot better than the last four years. >> i want to ask but your book, the title is "richard branson, like a virgin, secret these don't teach you at business school." what is the number one secret they don't teach you at business school that has been responsible for your success, do you think? >> i suspect the number one see jet they don't say, maybe it is better no to the go to business school it is better to just get out there and learn to run a business by actually trying to run a business. >> which you did very early on in life? >> yeah. and i think if you look at it a lot of the successful business people, you know, left school quite early on and just went and rolled up their sleeves and gave it a go and you just learn, you know, so much by getting in the j
>> look, i hope that after this election, that the two parties will pull together and do what's right for this country. though having said that, despite all the infighting and bickering, i think it does look like america is back on the right track. i think america is through the worst now. hopefully the next four years will be a lot better than the last four years. >> i want to ask but your book, the title is "richard branson, like a virgin, secret these don't teach you at...
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Sep 26, 2012
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the market this year has followed the typical presidential election year pattern to a "t." coming out of labor day, we were a little bit more cautious on the market. going through about columbus day. it sets up perfectly with this pre-warning season where companies lower guidance. once the reports finally do start, we'll have -- we'll be able to improve and the market -- >> as the graphic puts up, you're talking about absolute numbers of companies. but the magnitude of these company, me desk, nfs, caterpillar, these are huge companies -- >> yeah. and you're raising an excellent point. >> of course i am. >> but what those companies have in common is that they have dollar -- their international exposure. analysts and companies that have domestic exposure are going to do better this earnings season than their international counterparts. >> paul, thanks for coming by. >>> coming up next, the curtain will be lifted momentarily. we'll reveal the trade of the day. one of our very own has gone digging far and wide to whip up this one. stay tuned. everyone in the nicu, all the nurse
the market this year has followed the typical presidential election year pattern to a "t." coming out of labor day, we were a little bit more cautious on the market. going through about columbus day. it sets up perfectly with this pre-warning season where companies lower guidance. once the reports finally do start, we'll have -- we'll be able to improve and the market -- >> as the graphic puts up, you're talking about absolute numbers of companies. but the magnitude of these...
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Sep 28, 2012
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i think genuineness helps you in elections. but what i would say is the main difference between the candidates from my perspective is that president obama thinks that you can hire more government workers and that will stimulate the economy. i see government workers not as bad people, but they're in the wagon. you got to have more people pulling the wagon. i think governor romney understands that. you got to grow the private sector. >> senator paul, thank you for being on today. appreciate it a lot. >>> okay. we got a lot more coming up. at 8:30 eastern we'll get personal spending data for august and talking about the effect of this summer's drought. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call to
i think genuineness helps you in elections. but what i would say is the main difference between the candidates from my perspective is that president obama thinks that you can hire more government workers and that will stimulate the economy. i see government workers not as bad people, but they're in the wagon. you got to have more people pulling the wagon. i think governor romney understands that. you got to grow the private sector. >> senator paul, thank you for being on today. appreciate...
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Sep 27, 2012
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obviously no deal before the election. it's a 2013 affair. is that where you stand with the economy, dip back into a recession given where we are with this fiscal cliff? >> well, the cbo's estimates seem to suggest that. if it was just a no deal all around, gdp would decline in the first part of next year. i continue to think that despite all the brinksmanship, there will eventually be some kind of deal. obviously it won't be what everybody wants. it will have to be some kind of compromise. it might be hard to see it right now. but i think there will be some kind of deal. what's bad for the u.s. economy is that our political system insists on brinksmanship in order to solve these kinds of problems. it would be much better if we could get a better method of getti getting to these kinds of solutions. i don't see it now. >> yeah, let me get your take in terms of where we go from here. a lot of people are worried about the fed stimulus, the way you have been, because they say at some point rates will skyrocket. at some point, you get a spike in r
obviously no deal before the election. it's a 2013 affair. is that where you stand with the economy, dip back into a recession given where we are with this fiscal cliff? >> well, the cbo's estimates seem to suggest that. if it was just a no deal all around, gdp would decline in the first part of next year. i continue to think that despite all the brinksmanship, there will eventually be some kind of deal. obviously it won't be what everybody wants. it will have to be some kind of...
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Sep 25, 2012
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can i trust what the media tells me about this election? >> well, you can't believe the polls because they're all over the place. some have him leading, some have him despite the fact that it was not a great week, but some of the polls went up. with a month and a half to go, it will be very interesting to see what happens. mitt will have to get very tough, be very smart. because they're being vicious p. it's sort of interesting. anytime you say anything about obama, they immediately say how dare you say that, we want a retraction. i just don't get it. we should not be doing retractions. the guy's run a terrible presidency and we'll see what happens. and as far as china, you were bringing china up, when you talk about a currency manipulator, mitt's 100% right on that. and obama thinks it's terrible that you talk that way. china's just eating our lunch. >> we have two more jobs reports. i don't know how those come out. supposedly you you can't make assumptions that would make things look better. i have seen the participation rate going down a
can i trust what the media tells me about this election? >> well, you can't believe the polls because they're all over the place. some have him leading, some have him despite the fact that it was not a great week, but some of the polls went up. with a month and a half to go, it will be very interesting to see what happens. mitt will have to get very tough, be very smart. because they're being vicious p. it's sort of interesting. anytime you say anything about obama, they immediately say...
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Sep 29, 2012
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>>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in new york asked about corrections corp of america. symbol cxw. largest owner of privatized prisons in the country. maximum to minute security prisons. i like they pay a .2% yield. they operate more than 65 prisons. more than 90,000 beds in 19 states. sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company con
>>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in new york asked about corrections corp of america. symbol cxw. largest owner of...
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Sep 28, 2012
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with the election, with the fiscal cliff coming up. i think that now is a good time to take profits for the year. 14.50 is our price target for the year end. next year i have to say i'm probably skewed to be more negative. but there's a couple of data points that i can't ignore. one of which is sentiment. we track wall street sentiment. and we found that it is actually at the lowest levels we've ever seen since we began tracking this measure back in 1985. >> wow. so that's the contrary indicator. >> exactly. there's a lot of hatred for equities. a lot of negative news priced into the equity market at this point. i think that it's more likely to surprise on the up side rather than the down side. there's a lot to be negative about at this point. i think there's the fiscal cliff, there's europe, there's china. so a lot of the headlines that we see are fairly negative. but the fact that everyone is at a point where they are underweighting equities relative to bonds more than they ever have tells me equities could actually surprise to the u
with the election, with the fiscal cliff coming up. i think that now is a good time to take profits for the year. 14.50 is our price target for the year end. next year i have to say i'm probably skewed to be more negative. but there's a couple of data points that i can't ignore. one of which is sentiment. we track wall street sentiment. and we found that it is actually at the lowest levels we've ever seen since we began tracking this measure back in 1985. >> wow. so that's the contrary...
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Sep 25, 2012
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he wants to avoid losing the next election and therefore he wants to avoid asking for a bailout. the problem he faces is that at current yield levels, the spanish budget is not that sustainable. he probably will have to ask for a bailout. the market wants to see that. >> surely for the reasons you've just talked about he's going to push as far arms as he possibly can. >> but we'll be trying to get some inkling from what he's saying. from his point of view probably the best thing to do if he is going to ask anyway, get it over with and then at least the yields come down and he gets a chance to rebuild his reputation. >> how significant is this sense that germany may test the legality of the permanent bailout fund, the esm, these stories getting traction this morning. is that -- how does that fit in as we look toward the end of the week as we look forward to some of the risks around whether the ecb plan and ultimately this kind of eurozone rescue plan is going to work? >> the market is very uncertain partly because of the tail risk brought out by germany's tests like this and secon
he wants to avoid losing the next election and therefore he wants to avoid asking for a bailout. the problem he faces is that at current yield levels, the spanish budget is not that sustainable. he probably will have to ask for a bailout. the market wants to see that. >> surely for the reasons you've just talked about he's going to push as far arms as he possibly can. >> but we'll be trying to get some inkling from what he's saying. from his point of view probably the best thing to...
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Oct 1, 2012
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and then after the election higher into the year. i think that's the way it will play, that's the way it played the past couple years. i think it playses that way here. >> is it dependent on what solution they have for the fiscal cliff, if any? >> the body language i get is that it sounds oxymoronic, but they'll get hc-- postpone the mandated spending cuts and spend the bush tax cuts. so i think that's off the table here at last in the short run. >> if we kick the can down the road another six months or so, what will that mean the difference of the bush tax cuts extending for six months or not? >> well, it's good news and bad news. the good news is that all the talk about 4%, 5% of gdp hitting in the first quarter that won't happen. the politicians may be ineffective in many ways, but they won't allow that. at the same time, if we just keep kicking the can down the road, well be addressing this uncertainty every since months. we saw it at the end of 2010, we saw it again at the end of 2011. if we just keep doing this every six months
and then after the election higher into the year. i think that's the way it will play, that's the way it played the past couple years. i think it playses that way here. >> is it dependent on what solution they have for the fiscal cliff, if any? >> the body language i get is that it sounds oxymoronic, but they'll get hc-- postpone the mandated spending cuts and spend the bush tax cuts. so i think that's off the table here at last in the short run. >> if we kick the can down the...
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Sep 29, 2012
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>>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. cramer/bull 2012. fighting for us, for our children, for america. and for outlawing bull fighting , gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. [ male announcer ] isn't always the one you plan to take. whoa, check it out. hey baby goat... no that's not yours... [ hikers whispering ] ...that's not yours. [ goat bleats ] na, na, na -- no! [ male announcer ] now you can take a photo right from video, so you'll never miss the perfect shot. [ hikers laughing, commenting ] at&t introduces the htc one x. now $99.99. rethink possible. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna
>>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. cramer/bull 2012. fighting for us, for our children, for america. and for outlawing bull fighting , gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td...